Home buyers have high expectations from Narendra Modi govt: Study

Jun 14 2014, 14:57 IST
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80% respondents are hopeful that the arrival of Narendra Modi govt would have a positive impact on real estate. (Thinkstock) 80% respondents are hopeful that the arrival of Narendra Modi govt would have a positive impact on real estate. (Thinkstock)
Summary80% respondents are hopeful that the arrival of Narendra Modi govt would have a positive impact on real estate.

the location(30%) which was the biggest influence last year. Other factors that will influence purchase decision are connectivity and neighbourhood, proximity to school, hospitals, etc. It is interesting to note that only 5% home buyers chose rate size as the top purchase consideration. Since major part of the real estate cost can be attributed to the land and construction cost, it needs to be seen if there will be some incentive from the government to offer subsidized land, especially for affordable housing projects.

Home buyers

The development agenda, which was the central theme of the election campaign, seems to have created a resonance among the Indian home buyers with them counting on the new government to keep its promises.

Home buyers

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